permabear

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Examples

Robert Prechter of Elliott Wave, who is 'King of the Bears' enough that he is called a permabear, came on CNBC this afternoon after the closing bell to tout the new bear market or that what we have seen is a still nothing more than a bear market rally.

Professor Roubini is known in the economics trade as a "permabear" because of his repeated claims over the last six years that a financial system based on self-regulation, non-deposits, highly leveraged subprime housing debts and globalised derivatives trading was unsustainable and would collapse.

Stephen Mihm (A Nation of Counterfeiters: Capitalists, Con Men, and the Making of the United States, HUP 2007, forthcoming in paperback) continues his streak of excellent writing for the New York Times Magazine, this time taking on "permabear" economist Nouriel Roubini, who predicted the current housing crisis/oil shock/consumer confidence bust way back in 2006, and who was widely derided for doing so (a "permabear," by the way, is what economists call a colleague they see as consistently over-pessimistic).

We should not comment on the issue, and simply support our only real ally and only real democratic secular republic in the middle east: Israel ... "permabear said," Netanyahu and the Israeli right are just as blind and foolish as Bush and the American right.

At the time, unemployment and inflation remained low, and the economy, while weak, was still growing, despite rising oil prices and a softening housing market. And then there was the espouser of doom himself: Roubini was known to be a perpetual pessimist, what economists call a “permabear.�?